DP Economics Questionbank
2.5.2 Price elasticity of demand (PED)
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[N/A]Directly related questions
- 18M.1.SL.TZ2.1a: Explain how the price elasticity of demand for a good might be affected by the number and...
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18M.1.SL.TZ2.1b:
Examine the significance of price elasticity of demand for the decision making of firms and government.
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19M.1.HL.TZ1.2a:
Explain why price elasticity of demand varies along the length of a straight-line demand curve.
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19M.1.HL.TZ1.2b:
Examine the significance of price elasticity of demand for the decision-making of firms and governments.
- 19N.1.SL.TZ0.1a: Explain two reasons why the demand for manufactured goods might be price elastic.
- 19N.1.HL.TZ0.1a: Explain two reasons why the demand for primary commodities might be price inelastic.
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19N.1.HL.TZ0.1b:
Discuss the significance of price elasticity of demand (PED) for a government imposing an indirect tax on a good.
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20N.1.HL.TZ0.1a:
Explain how knowledge of price elasticity of demand could be used by a firm that is considering changing the price of its product.
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21M.1.SL.TZ2.1a:
Explain why the price elasticity of demand for primary commodities is often relatively low while the price elasticity of demand for manufactured goods is often relatively high.
- 21M.3.HL.TZ0.1d: The demand for Good Z is income inelastic. Define the term income inelastic demand.
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21N.3.HL.TZ0.3g:
Calculate the price elasticity of demand for chia seeds in Nofiberland following the imposition of the tariff.
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22M.3.HL.TZ0.1a.iii:
Using the information in Figure 1, calculate the price elasticity of demand for gold in Burundi when price increases from US$1500 per oz to US$1800 per oz.
